China Places Cap on Local Government Debt

TODAY: Aug. 30, 2015 PUB DATE: Aug. 30, 2015

By Carlos Tejada BEIJING -- Chinese lawmakers have placed a 16-trillion-yuan ($2.5 trillion) cap on local government debt as Beijing looks for ways to address one of the major impediments to the world's second-largest economy. The Standing Committee of China's ...

Mester Interview Transcript: Fundamental View on -2-

TODAY: Aug. 30, 2015 PUB DATE: Aug. 30, 2015

MS. MESTER: My view is that the economic fundamentals in the economy are solid. I think the economy can support a modest increase in interest rates. I want to take the time I have between now and the September meeting ...

Turkey's Central Bank Unveils Measures to Boost Liquidity

TODAY: Aug. 30, 2015 PUB DATE: Aug. 29, 2015

By Emre Peker ISTANBUL--Turkey's central bank on Saturday unveiled measures to bolster liquidity and help the country's commercial banks meet debt repayments, as Turkish policy makers take steps to counter the potential fallout from an anticipated U.S. Federal Reserve interest ...

Fed's Kocherlakota: Fed Should Consider Easing, Not Tightening

TODAY: Aug. 30, 2015 PUB DATE: Aug. 29, 2015

By Ben Leubsdorf JACKSON HOLE, Wyo.----The Federal Reserve shouldn't raise short-term interest rates this year and instead should consider easing monetary policy to bolster sluggish U.S. inflation, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday. "It's definitely premature ...

Google Rebuffs European Union on Antitrust Charges --2nd Update

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

By Sam Schechner and Natalia Drozdiak in Brussels and Alistair Barr in San Francisco Google Inc. on Thursday rebuffed a European Union demand that it change how its search engine functions, signaling a drawn-out legal battle in the continent's most ...

Bankers, Officials Urge Fed Not to Waver on Interest-Rate Rise

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

By Jon Hilsenrath JACKSON HOLE, Wyo.--After months of forewarning by Federal Reserve officials that they are preparing to raise short-term interest rates, some international officials attending the Fed's annual retreat here this week have a message: Get on with it ...

Asian Markets Ride Tide of Strong U.S. Growth

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

Asian markets rose Friday as renewed optimism about the U.S. economy and China's recent stock gains offset worries about global growth. The Shanghai Composite Index opened up 1.4%, adding to its 5.3% jump Thursday, its biggest percentage gain in more ...

China's Moves Won't Help U.S. Tech Firms

TODAY: Aug. 30, 2015 PUB DATE: Aug. 28, 2015

By Don Clark China's moves to spur its slowing economy and restore investor confidence are having an important but less obvious effect on the tech sector: Strengthening Chinese companies that were already making life difficult for U.S. rivals, many of ...